Commercial Mortgage Backed Securities (CMBS) loans collect mortgage loans into a pool and transfer them to a trust, the bonds of which are sold to investors. The benefits for borrowers include access to larger loans at lower rates. The benefits for bond investors include decreased investing risk and previously unavailable investment options.

The purpose of commercial mortgage backed securities is to take out loans using commercial mortgage properties as a form of collateral. You can learn more about this at the Wikipedia. Once on the website, type "Commercial mortgage backed security" into the search field at the top of the page and press enter to bring up the information.

The symbol for Vanguard Mortgage-Backed Securities ETF in NASDAQ is: VMBS.

As of July 2014, the market cap for Vanguard Mortgage-Backed Securities ETF (VMBS) is $429,844,000.00.

William W. Bartlett has written:

'To Fathoms in Hell and Back'

'Mortgage-backed securities' -- subject(s): Mortgage-backed securities